Funding you earn now, next payment 08:00 UTC+0.0678%/8h= +74.2% APRnext payment +$6.78 per $10,000 · paid last 24h −0.145%
Price spread now: KuCoin against Bybit0.000%7-day average +0.076% · you sell dearer than you buy
Net, funding: paid 7d − costs−$532as in the Funding arb table
Net, price: spread back to 7d avg − costs−$537as in the Price arb table
costs, in and out, $10k−$5295.291% of the position
Funding, last 7 days−0.030%−$3 on $10k
+Price spread, last 7 days+0.075%+$7 · spread now 0.000%, 7d avg +0.076%
=Funding pays, the price is against you. KuCoin is 0.076% cheaper against Bybit than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.076%). If the spread goes back, that is −$8 on $10k: about 9 hours of funding at the current rate (+$20 a day).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.030% in total (about -1.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$6.78 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit BNCUSDT | 6.2070 | −0.0604 | get 0.0604% / 8h | 1h 28m | $561K | $2.0M | 25x |
| Short | KuCoin BNCUSDTM | 6.2070 | 0.0074 | get 0.0074% / 8h | 1h 28m | $41K | $3.0M | 20x |
Bybit BNCUSDT
KuCoin BNCUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Bybit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $142.35
- Price spread: 0.000% → +0.076%
- −$7.62
- Slippage, 4 orders
- −$506.09
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$394.36
- Costs to cover
- 5.291%
- Break-even
- 26.4 days
Slippage from Bybit: live order book, 8 min ago; KuCoin: live order book, 9 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Bybit live order book, 8 min ago | 4.03 bp | 110.9 bp −$111 | 204.4 bp −$2,044 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 9 min ago | 4.83 bp | 146.7 bp −$147 | doesn't fit | doesn't fit | doesn't fit |
BNC on 9 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget BNCUSDT | −0.1943% | 8h | 6.2265 | +0.314% | $781K | $4.3M | 5x | as long as short |
| Binance BNCUSDT | −0.1140% | 8h | 6.2070 | 0.000% | $13.4M | $41.1M | 10x | as long as short |
| Variational Omni BNC | −0.0988% | 8h | 6.1944 | −0.203% | $115K | $141K | — | as long as short |
| Bybit BNCUSDTlong | −0.0604% | 8h | 6.2070 | long leg | $561K | $2.0M | 25x | |
| Aster BNCUSD1 | −0.0590% | 8h | 6.2110 | +0.065% | $178K | $22K | 10x | as long as short |
| QFEX BNC-USD | −0.0010% | 1h | 6.2000 | −0.113% | $49K | $13K | 10x | as long as short |
| Bullet BNC-USD | 0.0000% | 1h | 6.2090 | +0.033% | $9K | $69K | 10x | as long as short |
| HTX BNC-USDT | 0.0000% | 8h | 6.2010 | −0.097% | $14K | $27K | 10x | as long as short |
| KuCoin BNCUSDTMshort | +0.0074% | 8h | 6.2070 | 0.000% | $41K | $3.0M | 20x |
Bitget BNCUSDT
Binance BNCUSDT
Variational Omni BNC
Aster BNCUSD1
QFEX BNC-USD
Bullet BNC-USD
HTX BNC-USDT